Premium"The Precision Of Semis Weakness Is Staggering"... And So Is The Dip-Buying: Levered ETFs See Biggest Inflow Ever
The AI trade just had its worst week in six months. Someone decided the correct response was to triple down.
According to a Sunday note from Goldman's ETF specialist Chris Lucas ("GS ETF Color - inflows into levered ETFs", available to pro subs), "nearly $10 billion poured into levered ETFs last week, which is the largest weekly inflow in our dataset," a dataset that goes back to 2006. And the single biggest destination was, naturally, the one product built to amplify the very sector that was getting crushed.